On Friday two huge reports come out – Advance Q4 GDP (measures US economic production) and Q4 Employment Cost Index (a measure of wage inflation). Weaker figures on both will lead to lower rates…
Monthly Archives: January 2011
Real Estate Owned Speedwagon now on tour
January 19, 2011 – 10:14 am
Rates rose a little on Friday which is typical before a long weekend. With this week being a slow economic week I think rates will remain fairly stable. 30-year fixed rates are hovering in the high 4s/ low 5s, and ARMS about a point less. As usual rates vary based on type of…
The Fed’s diary, and are rates going back down?
January 12, 2011 – 8:57 am
Today at 1:00 the Fed will report details of current economic conditions across the country in the Beige Book Report. (side note: the Fed is still ignoring my requests to have this turned into a pop-up book). Signs of weakness will…
Will 2011 be a Happy New Year?
January 6, 2011 – 9:17 am
Market reports come out daily which have an impact on interest rates. Compared to last year these reports are forecast to be up: The housing market, home values, employment, 10-year note auctions, and construction spending. Compared to last year these reports are forecast to be down: credit card applications, import/export…
Egg nog, vacations, and gold – oh my!
January 6, 2011 – 9:09 am
Rates have climbed over the past three weeks almost a full point. People have been asking me why and I don’t have a great explanation (flashbacks to Miss Lopez asking me why I couldn’t pay attention in her class). My best guess is that it’s a combination of increased inflation fears tied with the Fed’s quantitative easing and…
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